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Building Automation System Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Building Automation System Market
The building automation system market is projected to expand in line with the rise in construction activities. Activities in the construction sector encompass erecting and assembling physical facilities such as buildings, roads, bridges, and other infrastructural projects. Hence, an upswing in these pursuits typically translates to greater demand for building automation systems (BAS). Such automation systems can effectively ease administrative duties for engineering staff and aid construction supervisors in enhancing productivity in essential sectors. For example, data from the Office for National Statistics, a well-known national statistics institute in the UK, indicated that construction output in the UK likely increased by 1.2% in the three months to July 2024, stimulated by growth in new work (1.6%) and repair and maintenance (0.8%), along with notable increases of 1.7% in May and 0.5% in June 2024. Consequently, the higher frequency of construction pursuits is fueling the expansion of the building automation system market.
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How will the growth rate of the building automation system market shape industry trends by 2034?
The market size of the building automation system has experienced swift expansion in the past few years. Forecasts suggest an increase from $99.76 billion in 2024 to $111.23 billion in 2025, yielding a compound annual growth rate (CAGR) of 11.5%. The reasons behind this growth during the historical period include energy efficiency and cost savings factors, policy rules and incentives established by governments, the rising demand for intelligent buildings, considerations for occupants' comfort and well-being, and the incorporation of building systems.
In the coming years, the market size of the building automation system is projected to experience swift expansion. It is predicted to elevate to "$181.77 billion by 2029, with a compound annual growth rate (CAGR) of 13.1%. Factors such as swift urbanization, smart city projects, an emphasis on sustainable and green construction, integration with cloud and edge computing, remote monitoring and control, and cybersecurity are believed to spearhead this rise during the forecasted period. Key trends for this period include the rapid uptake of IoT and edge computing, a focus on energy efficiency and sustainability, software infusions like Artificial Intelligence (AI) and Machine Learning (ML), enhanced security measures, and the utilization of cloud-based solutions with remote access.
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What trends are poised to drive the future success of the building automation system market?
The rise of technological progress has become a significant trend gaining traction in the building automation system sector. Predominant businesses in the building automation systems marketplace are harnessing innovative technology to bolster their market stature. For instance, Daikin Applied Americas Inc., a US enterprise that specializes in the design, fabrication, and sale of heating, ventilation, and air conditioning systems, introduced its SiteLine Building Controls in January 2022. This system comprises a scalable, cloud-based technological network that simplifies the connection, regulation, and management of separate HVAC components as well as collective building systems. This evolved control portfolio provides an in-depth insight into the entire HVAC infrastructure, aiding in the formation of comfortable and eco-friendly work and living atmospheres. Moreover, it facilitates easy linkages with varied equipment brands, thereby alleviating the integration challenges that contractors and engineers face routinely.
Which primary segments of the building automation system market are driving growth and industry transformations?
The building automation system market covered in this report is segmented -
1) By Component: Hardware, Software
2) By Offerings: Facility Management Systems, Security And Access Controls, Fire Protection Systems, Building Energy Management Software, Building Automation System Services, Other Offerings
2) By Technology: Wireless Technology, Wired Technology
4) By Application: Industrial, Residential, Commercial
Subsegments:
1) By Hardware: Sensors, Actuators, Controllers, Switches And Relays, HVAC Control Systems, Lighting Control Systems, Security And Access Control Systems
2) By Software: Building Management Software, Energy Management Software, Facility Management Software, Security Management Software, Integrated Building Automation Software, Cloud-Based Building Automation Solutions
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Which geographical regions are pioneering growth in the building automation system market?
North America was the largest region in the building automation system market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global building automation system market report during the forecast period. The regions covered in the building automation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the building automation system market landscape?
Major companies operating in the building automation system market include Honeywell International Inc., Robert Bosch GmbH, Johnson Controls International plc, Mitsubishi Electric Corporation, ABB Ltd., Schneider Electric SE, Siemens AG, Hubbell Inc., United Technologies Corporation, Ingersoll-Rand plc, General Electric Company, Cisco Systems Inc., Trane Technologies, Lutron Electronics Co. Ltd., Hitachi Ltd., Huawei Technologies Co. Ltd., Emerson Electric Co., Legrand, Control4 Corporation, Automated Logic Corporation, Delta Controls Inc., Distech Controls Inc., Crestron Electronics Inc., Leviton Manufacturing Co. Inc., Lynxspring Inc., Reliable Controls Corporation, Tridium Inc., Carrier Corporation, Computrols Inc., Daikin Industries Ltd.
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What Is Covered In The Building Automation System Global Market Report?
• Market Size Forecast: Examine the building automation system market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the building automation system market for a structured understanding.
• Key Players Overview: Analyze major players in the building automation system market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the building automation system market.
• Segment Contributions: Evaluate how different segments drive overall growth in the building automation system market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the building automation system market.
• Industry Challenges: Identify potential risks and obstacles affecting the building automation system market.
• Competitive Landscape: Review strategic developments in the building automation system market, including expansions, agreements, and new product launches.
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